The figures I have access to said the Colts had $43.427 million of salary-cap room back on Feb 21. There may have been some jiggling of that number before free agency opened on Tuesday.
Since then, they’ve re-signed defensive lineman Fili Moala and cornerback Darius Butler, and brought in seven free agents: Right tackle Gosder Cherilus, safety LaRon Landry, defensive lineman Ricky Jean Francois, cornerback Greg Toler, outside linebacker Erik Walden, guard Donald Thomas and outside linebacker Lawrence Sidbury. The Colts also put a franchise tender on punter Pat McAfee at $2.977 million.
Collectively, they will count $34,330,333 against the cap.
The team cut safety Tom Zbikowski today, gaining $1.158 million against the cap. So the Colts have roughly $10.181 million in salary-cap room remaining.
Still enough to make some acquisitions if they want to.
General manager Ryan Grigson, who was named NFL Executive of the Year in his first season, said in a news conference this morning that he feels great about the roster work the Colts have been able to do.
"I really feel like you need to strike a balance [with free agency and the draft] and if there’s players that you can get and help create more competition and raise the bar and you know is going to make your team better as a whole, you have to at least explore those options. Even from the beginning, just seeing guys that we played against, the scout in me, you see guys and I say, ‘Wow, this guy plays hard, or this guy has a great inside move.’ You take mental notes of all your opponents. We played against LaRon this year. We played against Walden. We watched the film. We go through a process with all the pro scouts and then the coaches remember who they couldn’t block. It’s an entire process. You whittle it down, you target your guys and you look at how much money Jim [Irsay] is willing to spend, and as opposed to last year, we were in a completely different situation, so why not take advantage of that? I had the complete support of a great owner who’s been ultra-supportive in this whole process. He’s as passionate, if not more passionate than any of us. When you talk to him, he wanted to be aggressive. I wanted to be aggressive. Chuck [Pagano] did, because we want to win. I think you have to take these opportunities to acquire talent wholeheartedly, and I feel we did as an organization.”